NBS: China’s Jan-Sept air conditioner output up 6.4% YoY
Oct 23, 2019 16:30
See Full-size Table Here
Production of the four most popular electrical home appliances in China showed diverged results over the first nine months of this year, with output of the top contributor – air conditioners – showing a year-on-year increase of 6.4% to reach 170 million units, according to the latest data from China’s National Bureau of Statistics (NBS). However, the growth rate was 1.5 percentage points lower compared with that over January-August.
“The rise in air conditioner production was mainly due to the fact that domestic makers largely boosted production over March-June in preparation for sales over the peak consuming season in summer,” a Shanghai-based market insider said.
In September alone, production of air conditioners surged by 10.6% on year or 24.5% on